Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

Whitecap Resources Inc. is an oil-weighted growth company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets.

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Whitecap Resources Inc > Headwinds for oil and oil stocks

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Comment by Westcoastenergyon Jun 18, 2024 11:01am

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Post# 36093926

RE:Headwinds for oil and oil stocks

He is, this time, correct. The drop simply doesn't make sense given the stability of oil prices. Perhaps some people were spooked with the various prognostications of the need for much less oil by 2030 and baled thinking the share prices are unsustainable. However, I see going forward FCF ever improving and returns ever improving through dividends, special dividends and the like. Oil companies in Canada are money making machines at the moment and in the foreseeable future. AIMHO

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